Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Hong Kong luxury retail sales hit due to prolonged unrest

07 august 2019
The volatile anti-government protests in Hong Kong are piling on numerous challenges to the city's high-end retailers. Luxury sales in Hong Kong fell 17.1% y-o-y in June, according to provisional figures released by the Hong Kong government.
Data from the Hong Kong Census and Statistics Department showed that retail sales in June reached an estimated HK$35.2 billion (around US$4.5 billion). Sales plummeted 2.6 percent in the first half of the year.
Figures also showed that sales of jewelry, watches, clocks and valuable gifts at retail outlets in Hong Kong reached HK$5.75 bln, down from HK$6.94 bln in June 2018.
Hong Kong's exports fell 2.1% y-o-y  in the three months to May 31, while shipments to the U.S. dropped by 35.4% during the same period. Furthermore, Hong Kong on July 31 reported 0.3% contraction in GDP for the second quarter of 2019 from the first quarter.
The protests also comes at a time when Hong Kong's position as Asia's luxury retail hub is coming under increasing pressure, particularly from mainland China.There are also signs that the slowdown in the Chinese economy is causing some consumers to adjust their buying patterns.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished